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Stock impact report

Cleveland-Cliffs: Downside Is The Time To Consider Entry [Seeking Alpha]

Cleveland-Cliffs Inc. (CLF) 
Last cleveland-cliffs inc. earnings: 2/20 07:00 am Check Earnings Report
Company Research Source: Seeking Alpha
Cleveland-Cliffs: Downside Is The Time To Consider Entry Lately, I've been getting questions on Cleveland-Cliffs' ( CLF Here's what I think of the recent developments, both fundamentally and technically. 1. I believe that there are two main reasons for the current downtrend in Cliffs' shares. The stock is known for its volatility, so once the short-term uptrend ends, momentum traders close their positions while short sellers pile in. There's always an excuse for the sell-off. In November-December 2018, the stock market was falling. Right now, investors and traders are worried about a potential recession. I would not assign much weight to the stock's short-term movements from a fundamental point of view. If we look at a period starting October 2018, Cliffs' shares traded at $13.00, then went below $8.00, rebounded to $12.00, and are back below $10.00 again. There was no material, back-and-forth change in fundamentals that would have warranted such movements. This is simply a very volat Show less Read more
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